Space Token priceSPACE

The crypto market has been on a rollercoaster ride, with most cryptocurrencies experiencing major sell-offs. However, Solana (SOL) is defying the trend, surging over 15% in a single day. The reason? Former U.S. President Donald Trump just announced a Crypto Strategic Reserve, featuring Solana as one of the selected coins. This revelation has sparked fresh investor interest, pushing SOL’s price to $160. With bullish momentum building up, the question remains: Is Solana on its way to $300? As the crypto market moves fast, so should you. Open an account with Bitget to easily get started trading cryptos. The crypto market recently suffered a major downturn, with most top coins losing over 20% of their value. However, Trump’s endorsement of certain cryptocurrencies has helped shift market sentiment, leading to a partial recovery. Among the biggest gainers is Solana , which has seen renewed investor confidence as traders speculate on its long-term role in the crypto space. --> Click here to easily trade Solana today <-- SOL is currently trading around $160, marking a 15% increase in the past 24 hours. This sudden price jump was triggered by Trump’s unexpected Crypto Strategic Reserve announcement, which included Solana as one of the key cryptocurrencies. This has fueled speculation about SOL’s future, with many traders now eyeing higher price levels. If momentum continues, $200 could be the next major resistance, setting the stage for even bigger gains. SOL/USDT 1-day chart - Bitget Platform via TradingView Looking ahead, Solana has strong upside potential. If the market continues to recover, SOL is projected to reach $300 in the medium term. A major rally could unfold if Bitcoin hits $100,000, potentially pushing Solana even higher. For now, all eyes are on SOL, as investor sentiment remains bullish after Trump’s unexpected crypto endorsement.

The 2025 crypto crime report by Chainalysis has highlighted a rise in the sophistication of criminal activities. The firm estimated illicit crypto transactions in 2024 to be $40.9 billion, down from $46.1 billion in 2023. However, this figure is projected to exceed $51 billion as more illegal addresses are identified. Shift to Stablecoins and Ransomware Attacks Bitcoin, once the primary currency for bad actors, has been overtaken by stablecoins, which now account for 63% of all illicit crypto transactions. Chainalysis highlighted that financial sanctions have led to the shift toward stablecoins, as they offer speed, liquidity, and regulatory blind spots that make laundering funds easier. Further, these assets provide near-instant transactions and eliminate concerns over price fluctuations. Some stablecoin issuers, including Tether, have frozen hundreds of addresses linked to illegal activity. In response, some criminals have turned to privacy coins like Monero (XMR), privacy wallets, and DeFi-based laundering schemes. Ransomware payments dropped 35% in 2024, with less than half of recorded attacks resulting in payments. Chainalysis attributes this decline to law enforcement crackdowns and a reduced willingness among victims to pay. However, groups engaged in the activity are adapting. Following the takedown of LockBit, smaller syndicates such as RansomHub have absorbed displaced operators and remain operational. The report also highlighted that ransomware tactics are shifting toward data theft and extortion. Meanwhile, market manipulation on decentralized exchanges (DEXs) continues to thrive. In 2024, an estimated $2.57 billion in illicit trading volume was artificially generated, with 3.59% of newly minted tokens showing rug-pull characteristics. Crypto Theft and AI-Driven Fraud Increase The New York-based firm revealed that crypto theft grew by 21% in 2024, reaching $2.2 billion. While DeFi platforms accounted for most stolen funds, centralized services became the primary targets in the second and third quarters. North Korean hackers were responsible for 61% of these thefts. Fraud and scams remained widespread, with high-yield investment schemes and “pig butchering” among the most successful. Chainalysis revealed the growing use of AI tools by lawbreakers to bypass KYC measures and automate fraud. The analysis described this as part of a broader trend in cybercrime, where AI is being leveraged to enhance deception and evade detection. Bad actors in the crypto space have also become more professional, with hackers, scammers, and extortionists behind $10.8 billion of the estimated $40.9 billion in digital asset crime last year. Chainalysis further examined the SEC’s crackdown on $2.57 billion in market manipulation schemes, detailing evolving criminal tactics and enforcement efforts. As regulators respond to stablecoins’ growing role in money laundering, oversight is expected to tighten. Meanwhile, AI-driven fraud is projected to expand, making deepfakes, synthetic identities, and phishing attacks increasingly difficult to detect. The post Chainalysis Report Reveals Rising Sophistication in Crypto Crime appeared first on CryptoPotato.

Rep. Sam Liccardo has proposed a new bill to limit the development and marketing of political-themed crypto tokens. The MEME Act, as the bill is titled, aims to bar elected representatives and government officials from participating in these digital tokens. Liccardo’s bill comes as there is increasing alarm over the proliferation of political meme coins, which some believe are being used to mislead investors and shape public opinion. The legislation, if passed, would bar public officials, including members of Congress and the President, from initiating or sponsoring political crypto tokens. Such actions could attract civil and criminal sanctions. The legislation also applies to other fiscal instruments like securities and commodities, subjecting them to the same limitation on use for politics. Liccardo referred to recent scandals as the impetus for his legislative push. The TRUMP token, a crypto tied to the former president, was an instant lightning rod in the debate surrounding political coins. Reports suggested that almost half of its investors were new to the crypto space and were susceptible to scams. Scammers took advantage of the buzz around the token, causing some investors to lose substantial amounts of money. “That wasn’t my plan when I ran for office, I can assure you,” Liccardo recently said, noting that he had not expected to have to address cryptocurrency legislation when he became politicized. He continued and chastised former President Donald Trump’s use of the token, saying, [Trump’s] behavior is so self-evidently unethical that it raises the question why isn’t there a clear enough prohibition [on political meme coins]. The bill has generated controversy in political and financial circles. They say that regulations are needed to avoid fraud and safeguard investors against deceptive financial schemes associated with political personalities. Crypto experts like Ethereum co-founder Vitalik Buterin have also in the past voiced concerns over the possible risks of political meme coins. Others worry these digital resources may also serve as a vehicle for financial manipulation, especially since word breaks out about foreign governments exploring similar cryptocurrency initiatives. In spite of these issues, the MEME Act has a difficult path ahead. The bill currently does not have bipartisan support, with Republican members of Congress hesitant about regulations that might restrict the wider crypto market. Although Liccardo has managed to find co-sponsors within his own party, opposition from GOP members has left the passage of the bill in doubt. The bill also requires Trump to surrender any gains from the TRUMP token, adding to political tensions around the proposal. Some view the MEME Act as a first step toward more crypto regulation, while others consider it an overreach aimed at particular political targets. With talks ongoing, the MEME Act has put a national spotlight on the intersection of politics and crypto. Whether the bill moves forward or not, its introduction has placed the subject of political meme coins at the center of Washington’s regulatory conversation.

Sunday evening, 10-20% boost on the whole crypto market. Sweet. Monday will be a lovely day for security audit providers in the space, the FOMO to launch is strongest with founders in such moments, seen it a dozen times now✌️

The recent price drop in TON Coin has instilled fear in the minds of investors. The market has been consolidating for around two weeks, and now a breakout has happened to the downside. As the TON price has already dropped below $3, the price direction is once again heading toward its all-time low from a month ago. If you are planning to invest or have already invested in TON Coin, then this analysis is for you. Let’s analyse what’s happening in the TON price chart and explore the possible scenarios. Will it be volatile in the coming week, or will it remain stable? If volatility increases, what are the key support and resistance levels that traders should keep in mind? Let’s dive into the TON price analysis and find our answers. TON Price Analysis from 23rd to 28th February On 23rd February, RSI reached the overbought area, indicating an overstretched price. At 11:30 UTC on the same day, the price marked its top at $3.800. The price broke out at the same time to the downside of an upward-moving trendline. As the price declined, it pushed the price to the level of $3.320. RSI showed an oversold condition, which helped in the formation of an expanding triangle pattern. At 03:00 UTC on 25th February, MACD showed a golden crossover, suggesting a reversal or at least a pullback in the ongoing downtrend. The expanding triangle broke out to the upside at 11:30 UTC on 25th February, forming a spike and channel pattern. Chart 1: Analysed by vallijat007, published on TradingView, March 1, 2025 At 05:30 UTC on 26th February, MACD showed a death cross signal as the price broke out of the channel and formed a small range, then the range broke out to the downside. From 21:00 UTC on 26th February to 14:30 UTC on 27th February, the price showed a range in the form of a channel. The channel broke out to the downside, and a pullback happened as RSI moved to the oversold area at 20:00 UTC. A breakout of the downward trendline occurred at 01:00 UTC on 28th February. The price reached its weekly low of $3.125 as RSI moved into the oversold area, and a golden crossover appeared at 08:30 UTC on 28th February. The price pulled back, forming a spike and channel pattern. Potential Breakout Scenarios and Market Outlook If the channel breaks out to the upside, then the first target should be a minimum of $3.440, as it is the last lower high price created. If the channel breaks out to the downside, the recent low, which acts as the support level, will become the first target, which is $3.125. As the major trend is downward, the majority of the upside breakouts will fail, and the support level it created will also break as the price moves and breaks its low to create a lower low. Traders and investors should think twice before taking an upside position, as the overall market scenario is bearish. Conclusion: Caution is Key Amid Market Volatility The whole crypto space is facing selling pressure, and it is not a wise choice to assume that TON Coin will recover soon. After Bitcoin hit its all-time high, it dropped around 20% in value, and altcoins have not been spared from the decline. TON Coin is already under bearish pressure as it continues to head toward its all-time low of $2.978. Investors and traders should remain cautious, as next week may bring further volatility. The price may drop further and create another all-time low for TON Coin. In these uncertain times, capital preservation is more important than aggressive investing. If you are already invested, take a moment to reassess your position and carefully evaluate your investment strategy. The post TON Coin Plunges from $3.800 to $3.125: Is More Downside Ahead? appeared first on Coinfomania.